5/30/2023 0 Comments Spotify plans to nft digital craze![]() Since Spotify is a music streaming platform, it is most likely that Spotify might integrate NFTs in audio format on its site. According to a Financial Times story, Spotify plans to incorporate blockchain technology and non-volatile memory into its streaming services. ![]() The Swedish audio streaming and media services company has advertised for Web3 expertise. ![]() Instagram would also most likely do the same and integrate NFTs as images on its platform. Spotify intends to produce non-fungible tokens (NFTs) and digital collectibles to complement its current offerings. Twitter had introduced NFTs in the form of images on its platform. Moreover, Mark Zuckerberg, CEO of Meta announced last week that Instagram, a photo and video sharing social media site, is also planning on integrating NFTs on its platform. Microblogging website, Twitter, launched a feature to showcase NFT display pictures in January this year. Most people, at this point, have heard of Bitcoin, but few people even those who own some really understand it. The music streaming platform would not be the first to integrate features of Web3 like NFTs on its platform. Spotify draws up plans to join nft digital collectibles craze. NFT digital assets can represent a variety of tangible and intangible things, from works of art, videos, music, concert cards and even tweets. NFT data units of various types can be associated with digital assets such as images, movies, and audio. NFTs are also sold and traded on the blockchain, which is a type of digital ledger. NFTs or non-fungible tokens are non-transferable units of data that is created and stored on a blockchain. As of December 2021, it had over 406 million monthly active users, including 180 million premium clients, making it one of the largest music streaming platforms. Stock Market Spotify draws up plans to join NFT digital collectibles craze Madeleine Bruder Ma2 minutes read Spotify is drawing up plans to add blockchain technology and non-fungible tokens to its streaming service, fuelling excitement in the crypto and music industries about the potential of NFTs to boost artists’ earnings. Spotify is a media and music streaming service founded in Sweden.
0 Comments
Leave a Reply. |